The Global Payroll Alliance reports a significant drop in the UK's PAYE staff numbers by 334,748 since Labour's Autumn Budget in October 2024, driven by increased National Living Wage and National Insurance Contributions. The prediction that businesses would reduce staff was confirmed, with the hospitality sector facing the steepest losses. From a total of 30.5 million payrolled employees, numbers decreased to just below 30.2 million by March 2025, reflecting a 1% decline in employment as companies adjusted to higher costs.
"In the build up to the general election, Labour made repeated pledges to not increase taxes for working people, so when it came to the Autumn Budget and the inevitable tax increases that needed implementing, the government chose to increase rates for businesses instead of workers."
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